34. For a married couple (both spouses over 65 years old), which of the following...
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34. For a married couple (both spouses over 65 years old), which of the following is eligible for pension income splitting?
RCA income
OAS pension and supplements
CPP retirement pension
Lump sum RPP payment
?35. Francois is 66 years old. He is a recipient of CPP retirement benefits. However, he still works a few hours every week dung the summer, He does not want to make anymore contribution to the Canada Pension Plan.
What form does he have to file with the CRA to stop his CPP contributions?
No form is required
Schedule 8
CPT20
CPT30
36.Jill, who is separated. has three children Brad (15 years old), Randy 2 years old) ,and mark3 years old ).she incurred $15, 000 of child care expenses for Mark in the year. Should she include Brad and Randy on Form T778. even though she did not incur any childcare expenses for them?
True
37.Addy and DJ are married and have a child. Owen, two years of age. In 222, Addy had employment income of 51,000 and DJ had investment income of $11,00. Neither have any other source of income. They paid a total of S1,200 for day-care for Owen. Neither Addy nor DJ attended school, was infirm , or in prison
Who must claim the childcare expenses and what is the amount?
Addy and $0
Addy and S1,200
DJ and $0
DJ and $1,200
Cesar has net and taxable income of $65,000. How much net federal tax (Line 42000 ) will he save if he lowers his taxable income by $1,000 ? $150$205$260$290$410 Ester has net and taxable income of $55,000. How much net federal tax (Line 42000 ) will she save if she claims $4,000 in charitable donations? $600$920$1,132$1,284 Mark for follow up Ester has net and taxable income of $5,500. How much net federal tax (Line 42000 ) will she save if she claims $400 in charitable donations? $0$60$88$116 Mark for follow up Carla has net and taxable income of $60,000. How much net basic federal tax (Line 42000 ) will she save if she claims her medical expenses of $3,000 ? $0$180$270$450 Mark for follow up Carla has net and taxable income of $60,000. How much net basic federal tax (Line 42000 ) will she save if she claims her medical expenses of $300 ? \$0 $180 $270 $450 Mark for follow up Which of the following is included in net income but not in taxable income? Employment income Inheritance Pension income Social assistance income Mark for follow up Ralph is a 67 -year-old widower. His net income on Line 23600 is $45,000, of which $20,000 is a prior work pension. How much age amount can he claim on Line 30100 in Step 5 Part B? $2,000$7,121.90$7,898$10,000 Mark for follow up Question 31 of 58 . Trent is a 67 -year-old widower. His net income on Line 23600 is $45,000, of which $20,000 is a prior work pension. How much can he claim for the Pension Income amount? $0 $2,000 $7,898 $10,000 Mark for follow up Gerald is a 67 -year-old widower. His net income on Line 23600 is $105,000, of which $80,000 is investment income. How much age amount can he claim on Line 30100 in Step 5 Part B? $0$1,184.70$2,000$7,898 Mark for follow up Question 33 of 58. Which of the following is NOT eligible for the pension income amount on the return of a taxpayer who is 66 years old? Qualifying pension income Foreign pension benefits RPP annuity CPP retirement benefits Mark for follow up
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